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Agree with both replies. I just tried to rationale that although it's understandable it could be a concern to some I don't think it is.
It has to be remembered that Veles International is a subsidiary of the Veles Capital investment company based in Russia, however the Cypriot / Russian connection is a good sign.
I'm confident the AC sale was a storm in a teacup. GLA
An investment company buys 27.4 million Eurasia shares. What’s not to like about that!? The price should have shot up not down. Absolute bonkers how the market reacted. Makes me more determined not to sell my golden shares. Patience is the key. Would be nice to have it wrapped up this tax year but something tells me this is massive and the bigger the prize the longer it may take. Who knows! Could be next week or next month. In it till the end. GLA
In the grand scheme of things AC's sale has had little to zero effect, we have now all moved on.
Other directors have not sold not they could have anyway given a 'Closed/Period FSP/NDA Period'
All water under the bridge asfaic.
My prediction a resolution RNS to be announced by the 15/03 in order to allow a timely vote before the end of the 2020/2021 Tax year.
If no announcemen by thent, I'm ofski, GLA!
Mikestroud. I must admit I have pondered the AC situation through and do think it's why the SP is where it is today.
My conclusion is whatever the reason for the 'sale', I expect it was for his benefit rather than concerns about the company or FSP. Yep, it's entirely possible the explanation was genuine and he needed the dosh. He may have even owed the dosh, however I consider that unlikely given he'll have earned plenty given his roles over the years, but never say never.
The amount involved should rule out the possibility of owt sniffy going on, it makes zero sense. If it was that and the BOD know the same info as he does then they could have just flogged this for 20p per share. Jack sugar us shareholders could do but they would all have decent cash on the hip at the end of it all. Plus LTHs couldn't complain too much.
It feels like a tax thing to me. I expect there might have been a few cross words about it but ultimately he probably stayed within the parameters so AC was within his rights to do what he wanted, albeit with disapproval. Perhaps the conversation considered the short term impact on the share price but they thought 'so what'; and how do you RNS 'someone knows something about a share that they are going to pay loads of tax on' during an FSP with NDAs?
It took me a while but I'm comfortable with the AC sale and think it was positive thing, not sure the market thinks the same but it doesn't think about this share as much as us on here do. GLA.
Alexei Sayle's Lockdown Bike Ride 5: Holborn to Buckingham Palace
https://www.youtube.com/watch?v=QjZGSHRGDC0
Love Alexi Sayle ............LOL!
https://www.youtube.com/watch?v=-ohGJMDf6Fk
Hi Mike, they did answer in a rather ambiguous way. Possibly the reason why Alexei himself is still on the ‘team’ part of EUA website as an advisor. The advisory service was terminated with the his company, not Alexei. They sadly updated the website immediately following the passing of Gary Fitzgerald, but Alexei himself is still there which is why, especially with his holding and options, I feel he is still involved.
“...have a service agreement with Venus Garden Holdings Ltd, a company 100% owned by Alexei Churakov, for advisory services, further to Alexei Churakov's appointment as a strategic advisor to the board of the company. However, this agreement had expired prior to January 27, 2021”
It’s not quite 100% clear.
They answered! The bod that is
In the 28th Jan RNS the company said "The Company is continuing with these enquiries". I'm disappointed they have left that hanging and never came back to confirm the initial findings were proven or if in fact there was some other motivation for AC selling that day. May all be completely innocent as per the RNS ... or not. Either way I'd expect the company to close the matter down when the investigations are complete.
PS - As others have said thanks to Ian for the "game" thread, and Tilly etc for the pirate fun.
PPS - Thanks to Hoochy, always makes me smile. Reminds me of Father Jack Hackett in Father Ted and love his comments where he's binning someone that go along the lines: "You can f*** o** you t**t. Keep safe". Haha keep safe! He's entitled to his opinion as none of us know what resources/reserves they actually have so can only make assumptions based on vague words in RNS and interviews etc. Hope is is nearer the target than most on here including me.
PPPS - Don't sell them golden tickets, going to the moon and GLA :-)